Cal. CORP § 31525
This is the official text of Cal. CORP § 31525, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
(a) It is unlawful for a franchise broker to offer or sell a franchise in this state unless the franchise broker is registered pursuant to this part.
(b) For purposes of this section, an offer or sale of a franchise is made in this state if any of the following apply:
(1) The prospective franchisee resides in this state.
(2) The prospective franchisee has its principal place of business in this state.
(3) The franchised business will be located in this state.
(b) For purposes of this section, an offer or sale of a franchise is made in this state if any of the following apply:
(1) The prospective franchisee resides in this state.
(2) The prospective franchisee has its principal place of business in this state.
(3) The franchised business will be located in this state.
Status: in_force · Read it on the official government site
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